Gallacher Capital Management LLC Has $242,000 Stock Holdings in Oracle Co. (NYSE:ORCL)

Gallacher Capital Management LLC reduced its stake in shares of Oracle Co. (NYSE:ORCL) by 13.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,450 shares of the enterprise software provider’s stock after selling 221 shares during the period. Gallacher Capital Management LLC’s holdings in Oracle were worth $242,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Patten & Patten Inc. TN grew its holdings in shares of Oracle by 5.0% during the 4th quarter. Patten & Patten Inc. TN now owns 9,739 shares of the enterprise software provider’s stock worth $1,623,000 after purchasing an additional 467 shares in the last quarter. Harbour Investments Inc. grew its holdings in shares of Oracle by 3.3% during the 4th quarter. Harbour Investments Inc. now owns 19,561 shares of the enterprise software provider’s stock worth $3,260,000 after purchasing an additional 624 shares in the last quarter. Ninepoint Partners LP grew its holdings in shares of Oracle by 20.3% during the 4th quarter. Ninepoint Partners LP now owns 5,086 shares of the enterprise software provider’s stock worth $848,000 after purchasing an additional 857 shares in the last quarter. Tumwater Wealth Management LLC acquired a new stake in shares of Oracle during the 4th quarter worth $346,000. Finally, Ascent Capital Management LLC acquired a new stake in shares of Oracle during the 4th quarter worth $223,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on ORCL. Mizuho raised their price objective on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Morgan Stanley reduced their price objective on Oracle from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 11th. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Bank of America reduced their price objective on Oracle from $195.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $200.00 price objective on shares of Oracle in a research note on Tuesday, March 11th. Twelve analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $179.71.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 42.20% of the stock is owned by insiders.

Oracle Trading Up 1.2 %

Shares of Oracle stock opened at $149.36 on Monday. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a 52 week low of $112.78 and a 52 week high of $198.31. The stock has a 50 day moving average price of $165.80 and a two-hundred day moving average price of $169.85. The stock has a market capitalization of $417.76 billion, a PE ratio of 36.52, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The firm had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the business posted $1.41 EPS. As a group, equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be given a dividend of $0.50 per share. This is a boost from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.34%. Oracle’s payout ratio is presently 46.95%.

Oracle Profile

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.